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URLhttps://www.nasdaq.com/articles/6-most-affordable-new-cars-average-american
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Meta Title6 Most Affordable New Cars for the Average American | Nasdaq
Meta DescriptionIf you're buying a new car, chances are you want the win-win of finding a reliable vehicle that goes easy on your budget. (As a basic financing guideline pro tip, remember that car expenses should not...
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If you’re buying a new car, chances are you want the win-win of finding a reliable vehicle that goes easy on your budget . (As a basic financing guideline pro tip, remember that car expenses should not exceed more than 10% of your monthly income.) Try This: 6 SUVs That Last Longer Than You Think and Are Worth the Money Read Next: 4 Things You Must Do When Your Savings Reach $50,000 To help you shop, GOBankingRates reviewed various affordability reports and rankings vetted by leading industry auto outlets and pulled six vehicles all priced under $25,000 for your consideration. Ranked from least to most expensive, see which six new cars are the most affordable for the average American . Mitsubishi Mirage Starting price: $18,015 Taking first place in this roundup is the 2024 Mitsubishi Mirage , which Car and Driver quoted at a starting price of $18,015. The Mirage also landed in second place in Kelley Blue Book’s ranking of the cheapest new cars of 2024-2025. Affordability aside, the Mitsubishi Mirage is available to shop both as a hatchback and sedan and boasts an excellent fuel economy. And while the biggest critique is that the Mirage is a bit slower than other vehicles, it has been described as ideal for city residents thanks to the vehicle’s size and efficiency. Learn More: Mechanics Explain Why You Should Never Buy These 6 Popular Car Brands Be Aware: 9 Cars To Stay Away From in Retirement Kia Forte Starting price: $21,145 The 2024 Kia Forte took third place in KBB’s cheapest new cars ranking for this year.  Like the Mitsubishi Mirage, the Kia Forte may not inspire instant envy from other drivers but it’s a great value for the price especially when it comes to its interior. There’s plenty of cabin room inside the Kia Forte and it looks stylish, too. Check Out: 12 SUVs With the Most Reliable Engines Nissan Sentra Starting price: $21,725 There’s a lot of pros in favor of shopping for the Nissan Sentra, including a spacious cabin, comfortable seating, solid fuel economy and a bevy of safety features.  What we personally enjoy is that the Nissan Sentra has a reasonable price tag for its 2024 and 2025 models. The $21,725 price quoted above is for the 2024 model while the starting price for the 2025 model is $22,730. Hyundai Elantra Starting price: $22,775 The 2024 Hyundai Elantra is well worth the value as a compact sedan. It has even been noted by Car and Driver as an excellent vehicle to buy if you’re a first-time driver.  Buyers get to benefit from its inexpensive pricing and the vehicle’s overall fuel efficiency, sleek exterior and roomy interior.  View More: 5 SUVs Retirees Should Avoid Buying in October 2024 Toyota Corolla Starting price: $23,185 For the best of both worlds including affordable pricing and reliability, we couldn’t not include the 2024 Toyota Corolla on this list.  The Corolla is a practical purchase for all drivers, whether you have a family or are a working professional. Updated technology within the Corolla also keeps safety at the forefront with features like LED headlights and wireless smartphone integration. Volkswagen Jetta Starting price: $23,220 At just under $25,000, we handed the sixth spot in this ranking to the 2025 Volkswagen Jetta . The Jetta parked into KBB’s 10th place as one of the year’s cheapest cars and comes with plenty of bang for its buck.  Some of the biggest perks of the Jetta include its spacious interior, good fuel economy and an IQ.Drive driver-assist suite from Volkswagen to explore. As a bonus for drivers trying to save extra money, Car and Driver said the 2025 model is slightly cheaper to buy than the 2024 model. Photo disclaimer: Some photos are for illustrative purposes only and might not feature exact models, base models or the car’s specific trim levels. As a result, some of the cars in the photos might have different MSRPs than the ones listed in this article. Heather Taylor contributed to the reporting for this piece. More From GOBankingRates 9 Moves For Building Lasting Wealth: What Smart Americans Are Doing Right 6 2024 Car Models To Stay Away From in Retirement 4 Ways to Talk to Your Partner About Debt 5 Groceries Frugal People Buy in Fall This article originally appeared on GOBankingRates.com : 6 Most Affordable New Cars for the Average American The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(As a basic financing guideline pro tip, remember that car expenses should not exceed more than 10% of your monthly income.) **Try This: [6 SUVs That Last Longer Than You Think and Are Worth the Money](https://www.gobankingrates.com/saving-money/car/suvs-that-last-longer-than-you-think-and-are-worth-the-money/?hyperlink_type=manual&utm_term=related_link_1&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=2&utm_medium=rss)** **Read Next: [4 Things You Must Do When Your Savings Reach \$50,000](https://www.gobankingrates.com/top-alternative-investments-1270486/?hyperlink_type=manual&utm_term=related_link_2&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=3&utm_medium=rss)** To help you shop, GOBankingRates reviewed various affordability reports and rankings vetted by leading industry auto outlets and pulled six vehicles all priced under \$25,000 for your consideration. Ranked from least to most expensive, see which six new cars are the [most affordable for the average American](https://www.gobankingrates.com/saving-money/car/10-cheapest-new-cars-you-can-buy-right-now/?hyperlink_type=manual&utm_term=incontent_link_2&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=4&utm_medium=rss). ![2020 Mitsubishi Mirage](https://cdn.gobankingrates.com/wp-content/uploads/2020/02/2020-Mitsubishi-Mirage.jpg?w=675&quality=75) ## Mitsubishi Mirage - **Starting price:** \$18,015 Taking first place in this roundup is the [2024 Mitsubishi Mirage](https://www.caranddriver.com/mitsubishi/mirage), which Car and Driver quoted at a starting price of \$18,015. The Mirage also landed in second place in [Kelley Blue Book’s](https://www.kbb.com/best-cars/cheapest-new-cars/) ranking of the cheapest new cars of 2024-2025. Affordability aside, the Mitsubishi Mirage is available to shop both as a hatchback and sedan and boasts an excellent fuel economy. And while the biggest critique is that the Mirage is a bit slower than other vehicles, it has been described as ideal for city residents thanks to the vehicle’s size and efficiency. **Learn More: [Mechanics Explain Why You Should Never Buy These 6 Popular Car Brands](https://www.gobankingrates.com/saving-money/car/mechanics-explain-why-you-should-never-buy-these-popular-car-brands/?hyperlink_type=manual&utm_term=related_link_3&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=5&utm_medium=rss)** **Be Aware: [9 Cars To Stay Away From in Retirement](https://www.gobankingrates.com/saving-money/car/cars-to-stay-away-from-in-retirement/?hyperlink_type=manual&utm_term=related_link_4&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=6&utm_medium=rss)** ![2024 Forte.](https://cdn.gobankingrates.com/wp-content/uploads/2024/04/2024-Kia-Forte.jpg?w=675&quality=75) ## Kia Forte - **Starting price:** \$21,145 The 2024 Kia Forte took third place in KBB’s cheapest new cars ranking for this year. Like the Mitsubishi Mirage, the [Kia Forte](https://www.caranddriver.com/kia/forte) may not inspire instant envy from other drivers but it’s a great value for the price especially when it comes to its interior. There’s plenty of cabin room inside the Kia Forte and it looks stylish, too. **Check Out: [12 SUVs With the Most Reliable Engines](https://www.gobankingrates.com/saving-money/car/suvs-with-most-reliable-engines/?hyperlink_type=manual&utm_term=related_link_5&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=7&utm_medium=rss)** ![2024 Nissan Sentra](https://cdn.gobankingrates.com/wp-content/uploads/2024/08/2024-Nissan-Sentra.jpg?w=675&quality=75) ## Nissan Sentra - **Starting price:** \$21,725 There’s a lot of pros in favor of shopping for the Nissan Sentra, including a spacious cabin, comfortable seating, solid fuel economy and a bevy of safety features. What we personally enjoy is that the Nissan Sentra has a reasonable price tag for its 2024 and 2025 models. The \$21,725 price quoted above is for the [2024 model](https://www.caranddriver.com/news/a44186283/2024-nissan-sentra-refresh-revealed/) while the starting price for the 2025 model is \$22,730. ![2024 Hyundai Elantra Hybrid](https://cdn.gobankingrates.com/wp-content/uploads/2021/10/2024-Elantra-Hybrid.jpg?w=675&quality=75) ## Hyundai Elantra - **Starting price:** \$22,775 The [2024 Hyundai Elantra](https://www.caranddriver.com/hyundai/elantra) is well worth the value as a compact sedan. It has even been noted by Car and Driver as an excellent vehicle to buy if you’re a first-time driver. Buyers get to benefit from its inexpensive pricing and the vehicle’s overall fuel efficiency, sleek exterior and roomy interior. **View More: [5 SUVs Retirees Should Avoid Buying in October 2024](https://www.gobankingrates.com/saving-money/car/suvs-retirees-should-avoid-buying-october-2024/?hyperlink_type=manual&utm_term=related_link_6&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=8&utm_medium=rss)** ![2024 Toyota Corolla](https://cdn.gobankingrates.com/wp-content/uploads/2024/01/2024-Toyota-Corolla.jpg?w=675&quality=75) ## Toyota Corolla - **Starting price:** \$23,185 For the best of both worlds including affordable pricing and reliability, we couldn’t not include the [2024 Toyota Corolla](https://www.caranddriver.com/toyota/corolla-2024) on this list. The Corolla is a practical purchase for all drivers, whether you have a family or are a working professional. Updated technology within the Corolla also keeps safety at the forefront with features like LED headlights and wireless smartphone integration. ![Volkswagen Jetta 2025](https://cdn.gobankingrates.com/wp-content/uploads/2024/08/Volkswagen-Jetta-2025.jpg?w=675&quality=75) ## Volkswagen Jetta - **Starting price:** \$23,220 At just under \$25,000, we handed the sixth spot in this ranking to the [2025 Volkswagen Jetta](https://www.caranddriver.com/volkswagen/jetta). The Jetta parked into KBB’s 10th place as one of the year’s cheapest cars and comes with plenty of bang for its buck. Some of the biggest perks of the Jetta include its spacious interior, good fuel economy and an IQ.Drive driver-assist suite from Volkswagen to explore. As a bonus for drivers trying to save extra money, Car and Driver said the 2025 model is slightly cheaper to buy than the 2024 model. *Photo disclaimer: Some photos are for illustrative purposes only and might not feature exact models, base models or the car’s specific trim levels. As a result, some of the cars in the photos might have different MSRPs than the ones listed in this article.* [*Heather Taylor*](https://www.gobankingrates.com/author/htaylor/?hyperlink_type=manual&utm_term=incontent_link_3&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=9&utm_medium=rss) *contributed to the reporting for this piece.* **More From GOBankingRates** - [**9 Moves For Building Lasting Wealth: What Smart Americans Are Doing Right**](https://www.gobankingrates.com/build-lasting-wealth-2444387/?hyperlink_type=manual&utm_term=morefrom_link_1&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=10&utm_medium=rss) - **[6 2024 Car Models To Stay Away From in Retirement](https://www.gobankingrates.com/saving-money/car/2024-car-models-to-stay-away-from-in-retirement/?hyperlink_type=manual&utm_term=morefrom_link_2&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=11&utm_medium=rss)** - [**4 Ways to Talk to Your Partner About Debt**](https://www.gobankingrates.com/net-worth/debt/talk-to-your-partner-about-debt/?hyperlink_type=manual&utm_term=morefrom_link_3&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=12&utm_medium=rss) - [**5 Groceries Frugal People Buy in Fall**](https://www.gobankingrates.com/saving-money/food/groceries-frugal-people-buy-in-fall/?hyperlink_type=manual&utm_term=morefrom_link_4&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=13&utm_medium=rss) This article originally appeared on [GOBankingRates.com](https://www.gobankingrates.com/?utm_term=bottom_link&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=14&utm_medium=rss): [6 Most Affordable New Cars for the Average American](https://www.gobankingrates.com/saving-money/car/most-affordable-new-cars-for-the-average-american/?utm_term=source_link&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=15&utm_medium=rss) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### Tags [Personal Finance](https://www.nasdaq.com/topic/personal-finance) [![GOBankingRates logo](https://www.nasdaq.com/sites/acquia.prod/files/styles/130x40/public/2023/09/08/Nasdaq_Logo_Horizontal.png?itok=2pF5X8ad)](https://www.nasdaq.com/publishers/gobankingrates) [GOBankingRates](https://www.nasdaq.com/publishers/gobankingrates) GOBankingRates is a publication for all things personal finance, that reaches billions of readers. We empower our audience to live richer in your bank account, richer in your personal goal fulfillment, and richer in how you explore the world. Whether you want to know which bank has the best CD rates, where you can retire on a budget or which tech stock to invest in, you’ll find the answers on GOBankingRates. [More articles by this source-\>](https://www.nasdaq.com/publishers/gobankingrates) ## More Related Articles ![Info icon](https://www.nasdaq.com/themes/nsdq/dist/assets/images/circle-info.svg) This data feed is not available at this time. Data is currently not available - • ### Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. 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If you’re buying a new car, chances are you want the win-win of finding a reliable vehicle that goes easy on your [budget](https://www.gobankingrates.com/saving-money/budgeting/budgeting-guide/?hyperlink_type=manual&utm_term=incontent_link_1&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=1&utm_medium=rss). (As a basic financing guideline pro tip, remember that car expenses should not exceed more than 10% of your monthly income.) **Try This: [6 SUVs That Last Longer Than You Think and Are Worth the Money](https://www.gobankingrates.com/saving-money/car/suvs-that-last-longer-than-you-think-and-are-worth-the-money/?hyperlink_type=manual&utm_term=related_link_1&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=2&utm_medium=rss)** **Read Next: [4 Things You Must Do When Your Savings Reach \$50,000](https://www.gobankingrates.com/top-alternative-investments-1270486/?hyperlink_type=manual&utm_term=related_link_2&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=3&utm_medium=rss)** To help you shop, GOBankingRates reviewed various affordability reports and rankings vetted by leading industry auto outlets and pulled six vehicles all priced under \$25,000 for your consideration. Ranked from least to most expensive, see which six new cars are the [most affordable for the average American](https://www.gobankingrates.com/saving-money/car/10-cheapest-new-cars-you-can-buy-right-now/?hyperlink_type=manual&utm_term=incontent_link_2&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=4&utm_medium=rss). ![2020 Mitsubishi Mirage](https://cdn.gobankingrates.com/wp-content/uploads/2020/02/2020-Mitsubishi-Mirage.jpg?w=675&quality=75) ## Mitsubishi Mirage - **Starting price:** \$18,015 Taking first place in this roundup is the [2024 Mitsubishi Mirage](https://www.caranddriver.com/mitsubishi/mirage), which Car and Driver quoted at a starting price of \$18,015. The Mirage also landed in second place in [Kelley Blue Book’s](https://www.kbb.com/best-cars/cheapest-new-cars/) ranking of the cheapest new cars of 2024-2025. Affordability aside, the Mitsubishi Mirage is available to shop both as a hatchback and sedan and boasts an excellent fuel economy. And while the biggest critique is that the Mirage is a bit slower than other vehicles, it has been described as ideal for city residents thanks to the vehicle’s size and efficiency. **Learn More: [Mechanics Explain Why You Should Never Buy These 6 Popular Car Brands](https://www.gobankingrates.com/saving-money/car/mechanics-explain-why-you-should-never-buy-these-popular-car-brands/?hyperlink_type=manual&utm_term=related_link_3&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=5&utm_medium=rss)** **Be Aware: [9 Cars To Stay Away From in Retirement](https://www.gobankingrates.com/saving-money/car/cars-to-stay-away-from-in-retirement/?hyperlink_type=manual&utm_term=related_link_4&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=6&utm_medium=rss)** ![2024 Forte.](https://cdn.gobankingrates.com/wp-content/uploads/2024/04/2024-Kia-Forte.jpg?w=675&quality=75) ## Kia Forte - **Starting price:** \$21,145 The 2024 Kia Forte took third place in KBB’s cheapest new cars ranking for this year. Like the Mitsubishi Mirage, the [Kia Forte](https://www.caranddriver.com/kia/forte) may not inspire instant envy from other drivers but it’s a great value for the price especially when it comes to its interior. There’s plenty of cabin room inside the Kia Forte and it looks stylish, too. **Check Out: [12 SUVs With the Most Reliable Engines](https://www.gobankingrates.com/saving-money/car/suvs-with-most-reliable-engines/?hyperlink_type=manual&utm_term=related_link_5&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=7&utm_medium=rss)** ![2024 Nissan Sentra](https://cdn.gobankingrates.com/wp-content/uploads/2024/08/2024-Nissan-Sentra.jpg?w=675&quality=75) ## Nissan Sentra - **Starting price:** \$21,725 There’s a lot of pros in favor of shopping for the Nissan Sentra, including a spacious cabin, comfortable seating, solid fuel economy and a bevy of safety features. What we personally enjoy is that the Nissan Sentra has a reasonable price tag for its 2024 and 2025 models. The \$21,725 price quoted above is for the [2024 model](https://www.caranddriver.com/news/a44186283/2024-nissan-sentra-refresh-revealed/) while the starting price for the 2025 model is \$22,730. ![2024 Hyundai Elantra Hybrid](https://cdn.gobankingrates.com/wp-content/uploads/2021/10/2024-Elantra-Hybrid.jpg?w=675&quality=75) ## Hyundai Elantra - **Starting price:** \$22,775 The [2024 Hyundai Elantra](https://www.caranddriver.com/hyundai/elantra) is well worth the value as a compact sedan. It has even been noted by Car and Driver as an excellent vehicle to buy if you’re a first-time driver. Buyers get to benefit from its inexpensive pricing and the vehicle’s overall fuel efficiency, sleek exterior and roomy interior. **View More: [5 SUVs Retirees Should Avoid Buying in October 2024](https://www.gobankingrates.com/saving-money/car/suvs-retirees-should-avoid-buying-october-2024/?hyperlink_type=manual&utm_term=related_link_6&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=8&utm_medium=rss)** ![2024 Toyota Corolla](https://cdn.gobankingrates.com/wp-content/uploads/2024/01/2024-Toyota-Corolla.jpg?w=675&quality=75) ## Toyota Corolla - **Starting price:** \$23,185 For the best of both worlds including affordable pricing and reliability, we couldn’t not include the [2024 Toyota Corolla](https://www.caranddriver.com/toyota/corolla-2024) on this list. The Corolla is a practical purchase for all drivers, whether you have a family or are a working professional. Updated technology within the Corolla also keeps safety at the forefront with features like LED headlights and wireless smartphone integration. ![Volkswagen Jetta 2025](https://cdn.gobankingrates.com/wp-content/uploads/2024/08/Volkswagen-Jetta-2025.jpg?w=675&quality=75) ## Volkswagen Jetta - **Starting price:** \$23,220 At just under \$25,000, we handed the sixth spot in this ranking to the [2025 Volkswagen Jetta](https://www.caranddriver.com/volkswagen/jetta). The Jetta parked into KBB’s 10th place as one of the year’s cheapest cars and comes with plenty of bang for its buck. Some of the biggest perks of the Jetta include its spacious interior, good fuel economy and an IQ.Drive driver-assist suite from Volkswagen to explore. As a bonus for drivers trying to save extra money, Car and Driver said the 2025 model is slightly cheaper to buy than the 2024 model. *Photo disclaimer: Some photos are for illustrative purposes only and might not feature exact models, base models or the car’s specific trim levels. As a result, some of the cars in the photos might have different MSRPs than the ones listed in this article.* [*Heather Taylor*](https://www.gobankingrates.com/author/htaylor/?hyperlink_type=manual&utm_term=incontent_link_3&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=9&utm_medium=rss) *contributed to the reporting for this piece.* **More From GOBankingRates** - [**9 Moves For Building Lasting Wealth: What Smart Americans Are Doing Right**](https://www.gobankingrates.com/build-lasting-wealth-2444387/?hyperlink_type=manual&utm_term=morefrom_link_1&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=10&utm_medium=rss) - **[6 2024 Car Models To Stay Away From in Retirement](https://www.gobankingrates.com/saving-money/car/2024-car-models-to-stay-away-from-in-retirement/?hyperlink_type=manual&utm_term=morefrom_link_2&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=11&utm_medium=rss)** - [**4 Ways to Talk to Your Partner About Debt**](https://www.gobankingrates.com/net-worth/debt/talk-to-your-partner-about-debt/?hyperlink_type=manual&utm_term=morefrom_link_3&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=12&utm_medium=rss) - [**5 Groceries Frugal People Buy in Fall**](https://www.gobankingrates.com/saving-money/food/groceries-frugal-people-buy-in-fall/?hyperlink_type=manual&utm_term=morefrom_link_4&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=13&utm_medium=rss) This article originally appeared on [GOBankingRates.com](https://www.gobankingrates.com/?utm_term=bottom_link&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=14&utm_medium=rss): [6 Most Affordable New Cars for the Average American](https://www.gobankingrates.com/saving-money/car/most-affordable-new-cars-for-the-average-american/?utm_term=source_link&utm_campaign=1288568&utm_source=nasdaq.com&utm_content=15&utm_medium=rss) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Shard177 (laksa)
Root Hash3960203679763819177
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